Coral Springs, Florida - October 10, 2013 (www.investorideas.com
newswire) Entertainment and financial news alert – Mr. Verdi adds, "I
have been a successful business man and I have attached big names to my
movies in the past, from actors to producers and musical artists like
Paul McDonald from American Idol fame –but I still get excited about
game changing technology."
Market news updates, and due diligence strategies on today's
leaders in the Technology sector: NXT-ID (OTCQB: NXTD), Apple Inc.
(NASDAQ: APPL), Google (NASDAQ: GOOG), Hewlett-Packard Co. (NYSE: HPQ)
and Facebook Inc. (NASDAQ: FB).
FN Media Group (FNM) is pleased to publish a follow up interview
with Rhode Island investor, business man and award winning movie
producer Chad A. Verdi. In October 2011, Mr. Verdi made a $ 1 Million
offer for the Amanda Knox movie rights through his production company,
Verdi Productions. Following his due diligence he formally withdrew his
offer. Mr. Verdi discusses his due diligence process for investing in
both film and the technology sector. Mr. Verdi focus is on biometrics,
which is forecasted to grow to a sustainable market of greater than $10
Billion annually by the year 2017.
Q: FNM
Mr. Verdi, reading previous news from your company, you had already
secured financing for the Untitled Knox Project, if a deal had been
reached. Your s plans were to make a seven-figure pay-or-play offer to
Natalie Portman to play Amanda. You then withdrew the official offer of
One Million Dollars (U.S. $1,000,000) for Amanda Knox's life rights
stating you felt there was more to the story and Amanda would be forced
back to Italy and retried. Now that you see all this coming to fruition,
can you explain your reasons and due diligence process?
A: Chad A. Verdi
As I said when I formally withdrew the offer, "after reviewing all
the information we had involving the Knox case, we had decided it was
not the inspirational feel good story that VP was looking for and we
withdrew our offer. “ . I had a team of about twenty students doing the
background and due diligence and the story did not pass our scrutiny.
Q: FNM
In our previous interview you discussed your recent investment in
NXT- ID Inc (NXTD), a company with m-commerce mobile biometric voice
recognition technology. Now that you are seeing all the buzz around
Apple's (AAPL) Touch ID fingerprint technology and the news that
Android (GOOG) will be introducing biometrics in the next six months, do
you feel that your investment due diligence, investing in NXT- ID ahead
of all this news validates your due diligence ?
A: Chad A. Verdi
Yes I do. I think the company is two years ahead of everyone else
and was launched as a public company at the right time in the right
sector. I think when the technology is introduced to the media, analyst
and investors- they will be as excited and convinced as I am.
Q: FNM
Some big deals are happening in the facial recognition space as
well - something NXT- ID has entered with its subsidiary 3D-ID LLC. I
understand the company has 22 patents. With companies like Facebook (FB)
talking about facial recognition and Hewlett-Packard Company (HPQ)
just announcing a huge deal with the Department of Homeland Security
for biometrics that included both facial and voice recognition - how do
you biometrics technology rolling out ?
A: Chad A. Verdi
I agree with most of what the leading analysts are saying - Apple's
implementation is the just the beginning and they making biometrics
mainstream. And that is why I invested in and then became the largest
shareholder in NXT-ID. Like I stated prior to you, I own Apple Yahoo
etc, I believe NXT-ID can become what those companies are today.
Q: FNM
Recently it was stated you are working with two Oscar winning
producers Martin Scorsese and Bruce Cohen on your next project, Bleed
for This, the inspirational true story of World Champion Boxer Vinny
Pazienza.
A: Chad A. Verdi
Yes, that is very, very cool and I don't sleep at night. Like Bleed
for This, NXT-ID keeps me up all night, they are both game changers and
both have huge potential The one difference I feel is that NXT-ID
products will one day be used by most if not all humans, it can be that
big,
About the Verdi Productions and Woodhaven Production Company:
Both Verdi Productions and The Woodhaven Production Company are
fully funded film production companies, covering all aspects of
filmmaking from conception of script through postproduction.
http://www.woodhavenfilms.com/ ,
http://www.verdifilms.com/
Additional biometrics news for Apple, Inc. (AAPL), Facebook, Inc.
(FB) and Google, Inc. (GOOG) have all recently revealed plans to
incorporate Facial Recognition and Touch Fingerprint technology. The
facial recognition sector is forecasted to reach a value of $3.5 billion
by 2015, while the fingerprint sector is scheduled to reach a value of
$6.6 billion the same year.
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